Champion Breweries Plc held a formal signing ceremony on Friday, November 14, 2025, as part of the arrangements to raise N15.9bn through a rights issue to existing shareholders.
This follows the shareholder approval received at Champion Breweries’ extra-ordinary general meeting of the shareholders held on July 24, 2025. The rights issue represents the first phase of a two-step capital raise, with a public offer to follow shortly.
The proceeds will be utilised to fund the strategic acquisition of the Bullet brand, an important step in Champion Breweries’ domestic and international growth agenda. Under the offer terms, 994,221,766 ordinary shares of 50 Kobo each will be issued at N16 per share, on the basis of one new share for every nine existing shares held. The qualification date for determining eligible shareholders is September 4, 2025.